Nasdaq Inc (NDAQ) Releases Earnings Results, Beats Expectations By $0.02 EPS

Nasdaq Inc (NDAQ) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $0.91 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.89. The company posted revenue of $534.00 million in the period, compared to analysts expectations of $535.83 million. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 EPS.

Many Wall Street Analysts have commented on Nasdaq Inc. Company shares were Reiterated by UBS on Apr 15, 2016 to “Buy”, Firm has raised the Price Target to $ 75 from a previous price target of $74 .Company shares were Reiterated by RBC Capital Mkts on Apr 13, 2016 to “Outperform”, Firm has raised the Price Target to $ 72 from a previous price target of $69 .Shares were Reiterated by Barclays on Apr 12, 2016 to “Overweight” and Lowered the Price Target to $ 70 from a previous price target of $71 .

Nasdaq Inc opened for trading at $63.7 and hit $64.43 on the upside on Friday, eventually ending the session at $63.99, with a gain of 0.28% or 0.18 points. The heightened volatility saw the trading volume jump to 6,75,631 shares. Company has a market cap of $10,487 M.

Investors should note that on Mar 31, 2016, Nasdaq Inc announced a cash dividend of $0.3200. The company’s management has announced Jun 8, 2016 as the ex-dividend date and fixed the record date on Jun 10, 2016. The payable date has been fixed on Jun 24, 2016.

In a different news, on Feb 4, 2016, Pc Nelson Griggs (Executive Vice President) sold 1,893 shares at $62.18 per share price. According to the SEC, on Feb 3, 2016, Hans-ole Jochumsen (President) sold 35,000 shares at $61.44 per share price. On Jan 6, 2016, Lee Shavel (Executive Vice President) sold 10,231 shares at $56.83 per share price, according to the Form-4 filing with the securities and exchange commission.

Nasdaq Inc (Nasdaq) formerly The NASDAQ OMX Group Inc. is a holding company. The Company is a provider of trading clearing exchange technology regulatory securities listing information and public company services across six continents. The Company manages operates and provides its products and services in four segments: Market Services Listing Services Information Services and Technology Solutions. The Company’s Market Services segment includes its equity derivative trading and clearing cash equity trading fixed income currency and commodities trading and clearing and access and broker services businesses. The Company operates a range of listing platforms around the world to provide multiple global capital raising solutions for private and public companies. Its Information Services segment includes its Data Products and its Index Licensing and Services businesses. Its Technology Solutions segment includes its Corporate Solutions and Market Technology businesses.

Nasdaq Inc

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